ISLAMABAD – Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar Friday said the government had initiated a feasibility study to set up gas storage facilities, which the country was missing for smooth supply of the commodity during peak winter and summer seasons. “Currently, we have the system of 5 Billion Cubic Feet (BCF) gas. The demand will increase to 7 BCF in next two to three years, but we have no gas storage system, which is a major problem for us,” he said while addressing a press conference along with Ministers for Energy, Planning and Reform, Railways and SAPM on Information and Broadcasting here. Accordingly, he said a study had already been initiated and requested the Chinese government to incorporate this scheme in China Pakistan Economic Corridor (CPEC) projects. Commenting on the government efforts to step up oil and gas exploration activities in potential areas of the country, the SAPM said as many as 35 new exploration blocks would be awarded in next 12 months. He said the bidding process to award 10-12 blocks would start in the coming month, while the same number of blocks would be offered during next summer and 10-12 more in December […]
